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Diversified Miners News

Fourth month of continuous growth for Deloitte WA Index

     9th February 2018 The Deloitte WA Index climbed marginally higher in the first month of 2018, as the market capitalisation of Western Australia-listed companies increased by 0.48% to close out January at A$181.83-billion. This marks the fourth month of continuous growth, Deloitte clients and markets partner for... 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

By: Henry Lazenby     9th February 2018 Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects. The legislation is aimed at strengthening and restoring the credibility of Canada's environmental laws. 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

Bushveld to focus on growth at vanadium, coal assets this year 

By: Mia Breytenbach     9th February 2018 Following the achievement of significant development milestones during 2017, integrated vanadium producer Bushveld Minerals will focus on enhancing growth at its vanadium and coal assets this year. “There is a unique window of opportunity for the company to position itself as a large, vertically... 

Bushveld to focus on growth at vanadium, coal assets this year
Bushveld Minerals CEO Fortune Mojapelo discusses the strides made in the company’s portfolio in 2017 and outlines the company’s future growth plans. Camerawork: Nicholas Boyd.

Political shifts lift investor mood in Southern African mining

By: Reuters     8th February 2018 Mining is a long-term game, but in Southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year. Angola's Jose Eduardo dos Santos and Zimbabwe's Robert Mugabe stepped down in 2017 after a combined 75 years in office, while the election of... 

Big Mining Indaba thinking for 2019’s quarter-century milestone

By: Martin Creamer     8th February 2018 This year’s Investing in African Mining Indaba has just ended here and the organisers are already putting their thinking caps on to make next year’s twenty-fifth anniversary of the event a grand affair. The names Cyril Ramaphosa, Elon Musk and the top who’s who of global and African mining are... 

Big Mining Indaba thinking for 2019’s quarter-century milestone
Photo by Duane Daws
Investing in African Mining Indaba MD Alex Grose

Rio Tinto's blowout cash puts dividends and deals in focus

By: Bloomberg     7th February 2018 Rio Tinto Group’s best profit in three years and a record dividend is yet another sign that miners are reaping the benefits of a surge in commodity prices. Yet the sheer size of Rio’s cash flow is starting to raise another question: how else will the world’s second-biggest mining company invest... 

Rio Tinto returns $9.7bn to shareholders in 2017

By: Natasha Odendaal     7th February 2018 Mining major Rio Tinto has delivered record full-year ordinary dividends of $5.2-billion, equating to 290c a share, and bringing total cash returns to shareholders for the year ended December 31, 2017, to $9.7-billion. The company posted an operating cash flow of $13.9-billion, underlying... 

Rio Tinto returns $9.7bn to shareholders in 2017
Rio Tinto CEO Jean-Sebastien Jacques

Many big new copper mines likely to be needed – Anglo

By: Martin Creamer     6th February 2018 Based on two relatively moderate and reasonable growth assumptions, the world will need the equivalent of another 22 Collahuasi copper mines to meet expected copper demand by 2030, Anglo American base metals marketing head Alex Schmitt said on Tuesday. Collahuasi, which Schmitt described as the... 

Many big new copper mines likely to be needed – Anglo
Photo by Martin Creamer
Anglo American base metals marketing head Alex Schmitt

US stocks sink most since 2011 as rout deepens: markets wrap

By: Bloomberg     6th February 2018 US stocks plunged the most in 6 1/2 years, with the Dow Jones Industrial Average sinking more than 1 100 points, as the equity selloff reached a fever pitch amid rising concern that inflation will force interest rates higher. Treasuries rallied and gold rose on haven demand. Volatility roared... 

US stocks sink most since 2011 as rout deepens: markets wrap

Congo's Gecamines wants to revise contracts with mining partners

By: Reuters     5th February 2018 Democratic Republic of Congo's state mining company Gecamines said on Monday it wanted to renegotiate contracts with its international partners this year to give the state a bigger share of the revenues. Congo is Africa's biggest copper and cobalt producer and also mines gold and diamonds, but it... 

Mbazima urges immediate dialogue on rail, port expansion

By: Martin Creamer     5th February 2018 South Africa’s ability to revitalise crucial infrastructure, especially rail and port networks, is among the key actions needed to bring investment back into the South African mining industry, Anglo American South Africa deputy chairperson Norman Mbazima said on Monday. Speaking on first day of... 

Mbazima urges immediate dialogue on rail, port expansion
Photo by Duane Daws
Anglo American South Africa deputy chairperson Norman Mbazima

Elliott sees $22bn uplift in value with a simpler BHP

By: Bloomberg     5th February 2018 Activist investor Elliott Management Corp has called on BHP Billiton to immediately review its dual structure after commissioning research that argues reorganizing as a single company in Australia would add more than $22-billion in value to the miner’s shareholders. Creating a unified company,... 

Mining essential to human progress – Rio Tinto

By: Martin Creamer     5th February 2018 The images of large yellow mine trucks flashed across the big screen at this year’s Mining Indaba looked pretty ordinary. But that misperception was quickly cut short when Rio Tinto CE Energy and Minerals Bold Baatar told the full-house audience: "What you're watching are robots on wheels.... 

Mining essential to human progress – Rio Tinto
Rio Tinto CE Energy and Minerals Bold Baatar

Pile-of-cash dilemma for mining industry once crippled by slump

By: Bloomberg     5th February 2018 Three years after a commodity slump left their finances in shambles, mining companies are swimming in so much cash that investors aren’t sure where the industry will spend it all. With metals from zinc to palladium trading at multi-year highs, four of the world’s top producers generated combined... 

Pile-of-cash dilemma for mining industry once crippled by slump

CoM sees resurgence in hope, green shoots in South African mining industry

By: Mia Breytenbach     5th February 2018 There is new sense of hope in the mining industry and in South Africa, says Chamber of Mines (CoM) CEO Roger Baxter. “It gives us a new confidence that a resurgence is taking place in the industry for the year ahead,” said Baxter, who spoke at a media briefing at the Investing in African Mining... 

CoM sees resurgence in hope, green shoots in South African mining industry
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter

Explorer changes name as it targets production of cobalt, other battery metals in DRC

By: Mia Breytenbach     2nd February 2018 Multicommodity exploration and development company Sula Iron & Gold, which has changed its name to African Battery Metals (ABM), will now focus on developing its cobalt exploration licences in the Democratic Republic of Congo (DRC). Trading in the company’s shares under its new name started last... 

Explorer changes name as it targets production of cobalt, other battery metals in DRC
ALLURING POTENTIAL African Battery Metals will continue to advance the Ferensola gold project in Sierra Leone

Savannah submits mining lease applications for Moz sands project

By: Mia Breytenbach     2nd February 2018 Resource development company Savannah Resources has submitted three mining lease applications to Mozambique’s Ministry of Mineral Resources and Energy for mining leases for the Mutamba heavy mineral sands project. Located in the Gaza and Inhambane provinces, Mutamba is being developed in a... 

Savannah submits mining lease applications for Moz sands project
CONSTRUCTION COMPLEMENT Savannah Resources completed the construction of the pilot plant for its bulk metallurgical test work programme at Mutamba in December

Coloured gemstones market poised to increase from $2bn to R10bn in next decade

By: Nadine James     2nd February 2018 Diamonds are not rising in value, observes market commenting platform Safehaven, adding that better value could be derived from coloured stones such as rubies, emeralds and sapphires. The organisation notes that gemstone prices, which have been increasing steadily in the last decade, could... 

Coloured gemstones market poised to increase  from $2bn to R10bn in next decade
GOING GREEN Emeralds and other gemstones may displace diamonds in future

Johnson Controls’ dual centrifugal chiller selected for cooling system at Ghana gold mine

By: Mia Breytenbach     2nd February 2018 Engineering consultancy Bluhm Burton Engineering (BBE) has selected diversified technology provider Johnson Controls’ York YD dual centrifugal chiller to meet the cooling requirements for gold and copper producer Newmont Mining Corporation’s Subika underground project at the Ahafo complex, in... 

Johnson Controls’ dual centrifugal chiller selected  for cooling system at Ghana gold mine
MEETING REQUIREMENTS The York YD dual centrifugal chiller with its cooling capability meets the needs of the surface air cooling plant design at Subika

Sibanye gold miners in S Africa stuck underground, not in danger

By: Reuters     1st February 2018 Sibanye-Stillwater said on Thursday that over 1 000 miners were stuck underground at its Beatrix gold mine, in South Africa, after a storm knocked out power, but they were not in danger. Spokesman James Wellsted said the miners were safe and receiving food and water. Power was being restored to... 

New energy to ease mining industry conflict – Scholes

By: Mia Breytenbach     1st February 2018 There appears to be new political resolve to mend the relationship between the mining industry and the Department of Mineral Resources, says specialised law firm Malan Scholes director Hulme Scholes. Speaking at the IHS Markit South African Coal Export Conference, in Cape Town, on Thursday, the... 

New energy to ease mining industry conflict – Scholes
Photo by Duane Daws
Malan Scholes director Hulme Scholes

Thor to update DFS for NT tungsten project

By: Schalk Burger     1st February 2018 Aim- and ASX-listed Thor Mining on Thursday announced that it had approved an upgraded definitive feasibility study (DFS) for its Molyhil tungsten project, in Northern Territory, Australia. The company is preparing to review capital and operating expense parameters for the upgraded Molyhil DFS,... 

Analysts okay Glencore’s 2017 production downs

By: Martin Creamer     1st February 2018 Analysts on Thursday okayed last year’s production performance of diversified mining and marketing company Glencore, which on Thursday reported lower 2017 production for many commodities owing to the impact of disposals, maintenance work and weather. Barclays analysts Amos Fletcher, Ian Rossouw... 

Analysts okay Glencore’s 2017 production downs
Koniambo nickel mine, New Caledonia, where full-year production was 29% up

Kefi welcomes senior managers to executive committee

By: Megan van Wyngaardt     1st February 2018 Aim-listed gold and copper exploration and development company Kefi Minerals has expanded its senior management team as part of preparations for its development and operations. This includes the appointment of David Munro as head of operations, Eddy Solbrandt as head of systems and Brian Hosking... 

MGX receives approval to conduct 3D seismic survey

By: Simone Liedtke     1st February 2018 Diversified Canadian resource company MGX Minerals' partner has received approval from the State of Utah's Division of Oil, Gas and Mining to conduct a three-dimensional (3D) geophysical survey on the Blueberry Unit at its Paradox basin petrolithium project. The company on Wednesday noted that... 

BHP is said to mull shale split to speed $10bn sale

By: Bloomberg     1st February 2018 BHP Billiton, seeking to accelerate the sale of its US shale unit, is prepared to offer the assets in as many as seven packages, including three in the prized Permian Basin, according to people with knowledge of the producer’s plans. The world’s biggest miner continues to favour a sale of the... 

BHP is said to mull shale split to speed $10bn sale

Mining companies need to become disruptors – Deloitte

By: Natasha Odendaal     31st January 2018 The key to a future in the mining sector increasingly lies in overcoming innovation barriers, embracing digitisation and unlocking the workforce of the future, as well as anticipating the digital mine of the future, Deloitte Global’s latest mining report shows. Deloitte Touche Tohmatsu’s tenth... 

Coal India diversification strategy moves ahead

By: Ajoy K Das     31st January 2018 Coal India Limited (CIL) will complete the formation of a separate independent business to undertake diversified mining before the end of the current financial year. According to company sources, CIL will comprise two business verticals, independent of each other, one taking charge of diversified... 

BCI progressing diversified portfolio

By: Schalk Burger     30th January 2018 Junior miner BCI Minerals continues to focus on advancing existing projects and remaining debt-free, the company said on Tuesday in its quarterly report to the end of December. BCI’s cash balance was A$18.9-million at the end of December, down A$4.7-million compared with the quarter to the end of... 

Brazil, Peru to lead LatAm mineral project development to 2020

By: Henry Lazenby     30th January 2018 Boosted by higher commodity prices in general, miners are increasingly focusing on project development as healthier balance sheets allow them the opportunity to return to their long-term growth strategies. According to data supplied by Fitch-affiliated research firm BMI, two countries are... 

Brazil, Peru to lead LatAm mineral project development to 2020

Nautilus production equipment exceeding design specs

By: Henry Lazenby     30th January 2018 Testing of the fleet of underwater machines that marine mining pioneer Nautilus Minerals will use to mine the Solwara 1 gold/copper project, offshore Papua New Guinea (PNG), has so far delivered results meeting or exceeding design parameters, the company recently reported. Headquartered in... 

Anglo to sell New Largo assets to Seriti, partners for R850m

By: Anine Kilian     29th January 2018 LSE- and JSE-listed Anglo American is making further progress with its strategy of disposing of its Eskom-tied coal assets, announcing on Monday that it will sell its New Largo thermal coal assets, which are owned by its 73%-held subsidiary Anglo American Inyosi Coal, to New Largo Coal, for... 

Anglo to sell New Largo assets to Seriti, partners for R850m
Norman Mbazima

South African mining seen a winner as Ramaphosa woos investors

By: Reuters     26th January 2018 South Africa's embattled mining industry could be first in line to benefit from a boost in foreign direct investment (FDI) if the new leader of the ruling party Cyril Ramaphosa implements measures seen as vital to draw in more cash, analysts said. The governing African National Congress (ANC)... 

Stakeholders can look forward to reinforced offering

     26th January 2018 With countless networking opportunities vying for the attention of the numerous decision-makers flocking to Cape Town in February to attend the annual Investing in African Mining Indaba, the event’s organiser has reinforced its offering with the introduction of a Junior Mining Showcase as well as... 

Stakeholders can look forward  to reinforced offering
YOUNG PERSPECTIVE Reflecting the impact of the Fourth Industrial Revolution, the imperative remains to operate sustainably alongside young people’s expectation that mining delivers value for all stakeholders

SA mining will perform relatively well – DMR

By: Nadine James     26th January 2018 Improving commodity prices and upward trends in global demand, especially from major South African trading partners, are expected to reinvigorate the mining industry, enabling it to perform relatively well throughout 2018, the Department of Mineral Resources (DMR) states. The DMR notes that with... 

Battery metals demand will boost African exploration

By: Nadine James     26th January 2018 The exponential boost in demand for battery metals, in light of electric vehicle market growth, will drive exploration and investment in Africa, the 2018 Investing in African Mining Indaba panel on Energy Metals has determined. The discussion, live-streamed last month, was a preview of the panel... 

Battery metals demand will boost African exploration
Photo by Bloomberg
INDUSTRY CHARGING AHEAD As the electric vehicle industry has committed to the lithium-ion battery, cobalt and lithium demand is 'locked in' for the foreseeable future

Water lab services in demand

By: Nadine James     26th January 2018 Isando-based analytical laboratory Set Point Laboratories – a subsidiary of industrial group Torre Industries – has seen an increased number of enquiries and work for its water laboratory division over the past 12 months, says Set Point senior analyst Moses Lelaka. The increased demand for the... 

Water lab services in demand
MOSES LELAKA Set Point analysts test the water monthly at one of its Gauteng-based mining clients

African mining off course to achieve bullish growth forecasts

By: Nica Schreuder     26th January 2018 The short-term mining cycle looks positive for Africa, but the continent is “way off achieving bullish growth forecasts”, largely owing to regulatory and infrastructural constraints, advisory firm Deloitte energy and resources leader Andrew Lane tells Mining Weekly.  

African mining off  course to achieve bullish growth forecasts
EXPERT ACCESS It is important for Deloitte and its clients to engage on topical issues during the 2018 Investing in African Mining Indaba, with clients also enjoying having access to global experts

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